Northland Securities Issues Positive Forecast for Everpure (NYSE:P) Stock Price

Key Points

• Northland Securities raised Everpure’s price target to $128 from $90 and maintained an “outperform” rating, implying 34.07% upside. The analyst consensus remains “Moderate Buy,” with an average target of $129.10.
• Everpure reported a strong quarter, with revenue rising 37.7% year over year to $1.19 billion and EPS of $0.70 beating estimates of $0.19. Management also raised fiscal 2027 revenue guidance to approximately $5.03 billion-$5.07 billion.
• The stock fell 3.8% to $95.47 despite the earnings beat, as investors weighed its high valuation and concerns about margin pressure, free cash flow and component costs. Insiders have sold $78.2 million of shares over the past three months.

Everpure (NYSE:P - Get Free Report) had its price objective upped by research analysts at Northland Securities from $90.00 to $128.00 in a report released on Friday,Benzinga reports. The firm currently has an "outperform" rating on the stock. Northland Securities' price objective points to a potential upside of 34.07% from the company's current price.

P has been the subject of a number of other reports. William Blair reissued an "outperform" rating on shares of Everpure in a research report on Thursday, May 28th. UBS Group lifted their target price on Everpure from $70.00 to $80.00 and gave the stock a "sell" rating in a research report on Thursday. Zacks Research downgraded Everpure from a "strong-buy" rating to a "hold" rating in a report on Monday, July 27th. JPMorgan Chase & Co. upped their target price on Everpure from $130.00 to $145.00 and gave the company an "overweight" rating in a research report on Thursday. Finally, Needham & Company LLC raised their price target on Everpure from $100.00 to $140.00 and gave the stock a "buy" rating in a research note on Thursday. Seventeen investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $129.10.

Everpure Trading Down 3.8%

P stock traded down $3.77 during midday trading on Friday, reaching $95.47. 636,670 shares of the company were exchanged, compared to its average volume of 3,310,199. Everpure has a 1-year low of $56.78 and a 1-year high of $119.10. The company's 50-day moving average price is $85.21. The company has a market capitalization of $31.73 billion, a P/E ratio of 130.78, a price-to-earnings-growth ratio of 6.06 and a beta of 1.45.

Everpure (NYSE:P - Get Free Report) last issued its earnings results on Wednesday, August 26th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.51. The business had revenue of $1.19 billion during the quarter. Everpure had a net margin of 5.94% and a return on equity of 19.42%. The business's revenue for the quarter was up 37.7% on a year-over-year basis. As a group, sell-side analysts predict that Everpure will post 0.93 EPS for the current year.

Insider Buying and Selling at Everpure

In other news, insider Ajay Singh sold 9,787 shares of the company's stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $78.12, for a total value of $764,560.44. Following the completion of the sale, the insider directly owned 340,939 shares of the company's stock, valued at approximately $26,634,154.68. This represents a 2.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider John Colgrove sold 200,000 shares of the stock in a transaction dated Monday, August 10th. The stock was sold at an average price of $96.98, for a total transaction of $19,396,000.00. Following the sale, the insider owned 6,474,080 shares of the company's stock, valued at $627,856,278.40. This trade represents a 3.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 827,800 shares of company stock worth $78,153,882 over the last three months. 5.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Everpure

Several institutional investors have recently added to or reduced their stakes in the stock. Sunbelt Securities Inc. lifted its position in Everpure by 287.1% during the 3rd quarter. Sunbelt Securities Inc. now owns 329 shares of the company's stock worth $28,000 after acquiring an additional 244 shares during the period. Cornerstone Planning Group LLC increased its holdings in shares of Everpure by 2,884.6% in the fourth quarter. Cornerstone Planning Group LLC now owns 388 shares of the company's stock valued at $29,000 after purchasing an additional 375 shares during the period. Continuum Advisory LLC acquired a new position in shares of Everpure in the second quarter valued at approximately $29,000. Banque Transatlantique SA purchased a new stake in shares of Everpure during the third quarter worth approximately $29,000. Finally, Reflection Asset Management acquired a new stake in shares of Everpure during the fourth quarter worth $32,000. Institutional investors and hedge funds own 83.42% of the company's stock.

Everpure News Roundup

Here are the key news stories impacting Everpure this week:

• Positive Sentiment: Everpure reported revenue of approximately $1.19 billion, up 37.7% year over year, while adjusted EPS of $0.70 exceeded consensus estimates. Product revenue increased 54%, signaling strong demand across the company’s storage portfolio. Everpure Announces Second Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Management raised fiscal 2027 revenue guidance to roughly $5.03 billion-$5.07 billion, implying 37%-38% growth, and expects operating income of about $940 million-$960 million. Third-quarter revenue guidance also came in well above Wall Street expectations. Everpure: Unprecedented Demand And Hyperscaler Wins
• Positive Sentiment: Everpure highlighted a second design win with a top-five hyperscaler, accelerating Evergreen//One Storage-as-a-Service adoption and continued enterprise market-share gains. These developments support the company’s exposure to AI data-center demand and recurring software revenue. Everpure Lands Second Hyperscaler Win
• Positive Sentiment: Several analysts became more bullish: Bank of America upgraded Everpure to “buy” with a $150 price target, while JPMorgan, Morgan Stanley and Needham raised their targets and maintained positive ratings. The company also provided an update on its share-repurchase program. Analyst Rating and Price Target Updates
• Neutral Sentiment: The earnings release reinforces Everpure’s rapid growth, but the stock already trades at a high valuation, with a reported price-to-earnings ratio above 135 and a price-to-earnings-growth ratio above 6. This leaves limited room for execution disappointments.
• Negative Sentiment: Investors remain concerned about margin pressure, free cash flow and higher component costs. Those concerns appear to have outweighed the earnings beat and guidance increase in the initial market reaction. Everpure Falls Amid Margin and Free Cash Flow Concerns

About Everpure

Pure Storage, Inc provides data storage technologies, products, and services in the United States and internationally. The company's Purity software is shared across its products and provides enterprise-class data services, such as data reduction, data protection, and encryption, as well as storage protocols, including block, file, and object. Its products portfolio includes FlashArray for block-oriented storage, addressing databases, applications, virtual machines, and other traditional workloads; FlashArray//XL; and FlashArray//C, an all-QLC flash array.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source